CSX Corporation, of the major US railroads has announced a stocks split in the ratio of 3:1. This move follows Canadian Railroad Canadian Pacific’s (CP) stock split last month. When the news release came out on Friday, CSX closed at $99.62 and the 52-week high was $104.87. Below is an excerpt from the announcement: JACKSONVILLE, Fla., …
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One of the best sectors to invest for the long-term is the North American railroad sector. Railroad stocks offer many unique advantages over stocks from other sectors. For instance, the industry is dominated by a handful of companies effectively making it an oligopoly. Moreover for many shippers or locations, railroad companies are a monopoly. I …
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A cool video from Norfolk Southern Railroad (NSC). As one of the major Class I railroads in the US, Norfolk Southern owns a vast network in the country and covers many states of the heartland as well. Source: Norfolk Southern Disclosure: Long NSC
An automobile is made up of over 30,000 parts. Railroads play an important role in the building of cars. Railroads transport raw materials such as metals, plastic and glass to factories that produce auto parts. Then railroads again help move the parts to manufacturers who assemble them into cars. After that railroads transport the finished …
Earlier in the week we looked at what Intermodel freight transport means. The following is a short video explaining the intermodal freight system in the U.S.: Source: AAR Related: The Complete List of Railroad Stocks Trading on the NYSE